The North America microfluidics market was valued at US$ 4,901.47 million in 2019 and is projected to reach US$ 18,301.24 million by 2027; it is expected to grow at a CAGR of 18.2% during 2020–2027.
The growth of the microfluidics market is mainly attributed to the factors such as growing market for microfluidics technologies in point-of-care testing, and technological advancement in microfluidics products are expected to propel the growth of the market. However, challenges in product commercialization is the major factor hindering the market growth.
The US has observed the fastest growth in the North America microfluidics market within the past few years and is expected to lead the market in North America during the forecast period. The growth of the market in the country is primarily driven by technological advancements, the launch of new and advanced products, and increasing R&D activities in the country. In October 2016, California based 10x Genomics has introduced its new, low-cost single-cell instrument Chromium Single Cell Controller, a massively scalable tool for comprehensive single-cell analysis, which is based on microfluidics consumables based on GemCode Technology.
US Microfluidics Market Revenue and Forecast to 2027 (US$ Million)
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NORTH AMERICA MICROFLUIDICS – MARKET SEGMENTATION
Microfluidics Market – By Product
- Devices
- Microfluidic Chips
- Microfluidic Sensors
- Micropumps
- Microneedles
- Other Products
Microfluidics Market – By Material
- PDMS
- Glass
- Silicon
- Polymer
- Other Materials
Microfluidics Market – By Application
- In Vitro Diagnostics
- Point-of-Care Testing
- Clinical Diagnostics
- Pharmaceutical and Life Science Research
- Drug Discovery
- Other Applications
By Country
- US
- Canada
- Mexico
Company Profiles
- Agilent Technologies, Inc.,
- BD
- Bio-Rad Laboratories Inc.
- Danaher
- Dolomite Microfluidics (Blacktrace Holdings Ltd.)
- Fludigm Corporation
- Illumina, Inc.
- microfluidic ChipShop GmbH,
- Perkin Elmer, Inc.
- Thermo Fisher Scientific Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Material, Application, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Microfluidics Market – By Product
1.3.2 North America Microfluidics Market – By Material
1.3.3 North America Microfluidics Market – By Application
1.3.4 North America Microfluidics Market– By Region
2. Microfluidics Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Microfluidics – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
5. North America Microfluidics Market – Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Market for Microfluidics Technologies in Point-Of-Care Testing
5.1.2 Technological Advancement in Microfluidics Product
5.2 Market Restraints
5.2.1 Challenges In Product Commercialization
5.3 Market Opportunities
5.3.1 Increasing Application of Microfluidics in Drug Discovery
5.4 Future Trends
5.4.1 3D Printing in Microfluidics
5.5 Impact Analysis
6. Microfluidics Market – Regional Analysis
6.1 North America Microfluidics Market Revenue Forecast And Analysis
7. North America Microfluidics Market Analysis – By Product Type
7.1 Overview
7.2 Microfluidics Market Revenue Share, by Product (2019 and 2027)
7.3 Microfluidic Chips
7.3.1 Overview
7.3.2 Microfluidic Chips: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Microfluidic Sensors
7.4.1 Overview
7.4.2 Microfluidic Sensors: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Micropumps
7.5.1 Overview
7.5.2 Micropumps: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Microneedles
7.6.1 Overview
7.6.2 Microneedles: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Devices
7.7.1 Overview
7.7.2 Devices: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
7.8 Other Products
7.8.1 Overview
7.8.2 Other Products: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
8. Microfluidics Market Analysis, by Material
8.1 Overview
8.2 Microfluidics Market Revenue Share, by Material (2019 and 2027)
8.3 Polymers
8.3.1 Overview
8.3.2 Polymers: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Glass
8.4.1 Overview
8.4.2 Glass: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Silicon
8.5.1 Overview
8.5.2 Silicon: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
8.6 PDMS (Polydimethylsiloxane)
8.6.1 Overview
8.6.2 PDMS (Polydimethylsiloxane): Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Other Materials
8.7.1 Overview
8.7.2 Other Materials: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
9. Microfluidics Market Analysis, by Application
9.1 Overview
9.2 Microfluidics Market Revenue Share, by Application (2019 and 2027)
9.3 In Vitro Diagnostics
9.3.1 Overview
9.3.2 In Vitro Diagnostics: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
9.3.3 Point-of-Care Testing
9.3.3.1 Overview
9.3.3.2 Point of Care Testing (POCT) Market: Microfluidics Market– Revenue and Forecast to 2027 (US$ Million)
9.3.4 Clinical Diagnostics
9.3.4.1 Overview
9.3.4.2 Clinical Diagnostics: Microfluidics Market– Revenue and Forecast to 2027 (US$ Million)
9.4 Pharmaceutical and Life Science Research
9.4.1 Overview
9.4.2 Pharmaceutical and Life Science Research: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Drug Discovery
9.5.1 Overview
9.5.2 Drug Discovery: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Other Applications
9.6.1 Overview
9.6.2 Other Applications: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
10. Microfluidics Market – Geographic Analysis
10.1 North America: Microfluidics Market
10.1.1 Overview
10.1.2 North America: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Microfluidics Market, by Product, 2018–2027 (USD Million)
10.1.4 North America: Microfluidics Market, by Material, 2018–2027 (USD Million)
10.1.5 North America: Microfluidics Market, by Application, 2018–2027 (USD Million)
10.1.5.1 North America: Microfluidics Market, by In Vitro Diagnostics, 2018–2027 (USD Million)
10.1.6 North America: Microfluidics Market, by Country, 2019& 2027 (%)
10.1.7 US: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 US: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 US: Microfluidics Market, by Product, 2018–2027 (USD Million)
10.1.7.3 US: Microfluidics Market, by Material, 2018–2027 (USD Million)
10.1.7.4 US: Microfluidics Market, by Application, 2018–2027 (USD Million)
10.1.7.4.1 US: Microfluidics Market, by In Vitro Diagnostics, 2018–2027 (USD Million)
10.1.8 Canada: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Canada: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Canada: Microfluidics Market, by Product, 2018–2027 (USD Million)
10.1.8.3 Canada: Microfluidics Market, by Material, 2018–2027 (USD Million)
10.1.8.4 Canada: Microfluidics Market, by Application, 2018–2027 (USD Million)
10.1.8.4.1 Canada: Microfluidics Market, by In Vitro Diagnostics, 2018–2027 (USD Million)
10.1.9 Mexico: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 Mexico: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
Mexico: Microfluidics Market, by Product, 2018–2027 (USD Million)
10.1.9.2 Mexico: Microfluidics Market, by Material, 2018–2027 (USD Million)
10.1.9.3 Mexico: Microfluidics Market, by Application, 2018–2027 (USD Million)
10.1.9.3.1 Mexico: Microfluidics Market, by In Vitro Diagnostics, 2018–2027 (USD Million)
11. Impact Of COVID-19 Pandemic On Global Microfluidics Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Microfluidics Market –Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic and Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Danaher
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Thermo Fisher Scientific Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Perkin Elmer, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.5 BIO-RAD LABORATORIES INC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Agilent Technologies, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Fludigm Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Illumina, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 BD
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
LIST OF TABLES
Table 1. North America Microfluidics Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 2. North America Microfluidics Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 3. North America Microfluidics Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 4. North America Microfluidics Market, by In Vitro Diagnostics– Revenue and Forecast to 2027 (USD Million)
Table 5. US Microfluidics Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 6. US Microfluidics Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 7. US Microfluidics Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 8. US Microfluidics Market, by In Vitro Diagnostics– Revenue and Forecast to 2027 (USD Million)
Table 9. Canada Microfluidics Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 10. Canada Microfluidics Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 11. Canada Microfluidics Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Canada Microfluidics Market, by In Vitro Diagnostics– Revenue and Forecast to 2027 (USD Million)
Table 13. Mexico Microfluidics Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 14. Mexico Microfluidics Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 15. Mexico Microfluidics Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 16. Mexico Microfluidics Market, by In Vitro Diagnostics– Revenue and Forecast to 2027 (USD Million)
Table 17. Developments Done By Companies
Table 18. Glossary of Terms, Microfluidics Market
LIST OF FIGURES
Figure 1. Microfluidics Market Segmentation
Figure 2. Microfluidics Segmentation – By Region
Figure 3. North America Microfluidics Market Overview
Figure 4. Devices Segment Held Largest Share of Microfluidics Market
Figure 5. Microfluidics Market in US to Show Remarkable Growth During Forecast Period
Figure 6. Global Microfluidics Market- Leading Country Markets (US$ Million)
Figure 7. North America PEST Analysis
Figure 8. Microfluidics Market Impact Analysis of Driver and Restraints
Figure 9. North America Microfluidics Market – Revenue Forecast And Analysis – 2019- 2027
Figure 10. Microfluidics Market Revenue Share, by Product (2019 and 2027)
Figure 11. Microfluidic Chips: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Microfluidic Sensors: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Micropumps: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Microneedles: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Devices: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Other Products: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Microfluidics Market Revenue Share, by Material (2019 and 2027)
Figure 18. Polymers: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Glass: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Silicon: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. PDMS (Polydimethylsiloxane): Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Other Materials : Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Microfluidics Market Revenue Share, by Application (2019 and 2027)
Figure 24. In Vitro Diagnostics: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Point of Care Testing (POCT) Market: Microfluidics Market– Revenue and Forecast to 2027 (US$ Million)
Figure 26. Clinical Diagnostics: Market: Microfluidics Market– Revenue and Forecast to 2027 (US$ Million)
Figure 27. Pharmaceutical and Life Science Research : Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Drug Discovery : Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Other Applications: Microfluidics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. North America: Microfluidics Market, by Key Country – Revenue (2019) (USD Million)
Figure 31. North America Microfluidics Market Revenue and Forecast to 2027 (USD Million)
Figure 32. North America: Microfluidics Market, by Country, 2019 & 2027 (%)
Figure 33. US: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
Figure 34. Canada: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
Figure 35. Mexico: Microfluidics Market – Revenue and Forecast to 2027 (USD Million)
Figure 36. Impact of COVID-19 Pandemic on Microfluidics Market in North American Countries
Figure 37. Growth Strategies Done by the Companies in the Market, (%)
- Agilent Technologies, Inc.,
- BD
- Bio-Rad Laboratories Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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